Padgett Business Services vs American Tax and Financial Group Franchise Comparison

Below is an in-depth analysis and side-by-side comparison of Padgett Business Services vs American Tax and Financial Group including start-up costs and fees, business experience requirements, training & support and financing options.

Start-Up Costs and Fees

 
Padgett Business Services Franchise
American Tax and Financial Group Franchise
Investment $20,200 - $99,975 $33,600 - $43,000
Franchise Fee $15,000 - $56,000 $15,000
Royalty Fee 9%+ 10%
Advertising Fee - -
Year Founded 1965 1997
Year Franchised 1975 2003
Term Of Agreement 20 years 5 years
Term Of Agreement 20 years 5 years
Renewal Fee 5% of then-current fee $2.5K


Business Experience Requirements

 
Padgett Business Services Franchise
American Tax and Financial Group Franchise
Experience
  • Industry experience

  • Strong commitment to customer service

  • Financing Options

     
    Padgett Business Services Franchise
    American Tax and Financial Group Franchise
      In-House/3rd Party In-House/3rd Party
    Franchise Fees No/Yes Yes/No
    Start-up Costs No/Yes No/No
    Equipment No/Yes No/No
    Inventory No/No No/No
    Receivables No/No No/No
    Payroll No/No No/No

    Training & Support

     
    Padgett Business Services Franchise
    American Tax and Financial Group Franchise
    Training Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar -
    Support Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing Ad Templates National Media Social media SEO Website development Email marketing Ad slicks, Regional advertising
    Operations Franchise can be run from home.

    0.5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed.

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is allowed.


    Expansion Plans

     
    Padgett Business Services Franchise
    American Tax and Financial Group Franchise
    US Expansion Yes -
    Canada Expansion Yes No
    International Expansion Yes No

    Start-Up Costs and Fees Mobile

    Investment
    Padgett Business Services Franchise
    $20,200 - $99,975
    American Tax and Financial Group Franchise
    $33,600 - $43,000
    Franchise Fee
    Padgett Business Services Franchise
    $15,000 - $56,000
    American Tax and Financial Group Franchise
    $15,000
    Royalty Fee
    Padgett Business Services Franchise
    9%+
    American Tax and Financial Group Franchise
    10%
    Advertising Fee
    Padgett Business Services Franchise
    -
    American Tax and Financial Group Franchise
    -
    Year Founded
    Padgett Business Services Franchise
    1965
    American Tax and Financial Group Franchise
    1997
    Year Franchised
    Padgett Business Services Franchise
    1975
    American Tax and Financial Group Franchise
    2003
    Term Of Agreement
    Padgett Business Services Franchise
    20 years
    American Tax and Financial Group Franchise
    5 years
    Renewal Fee
    Padgett Business Services Franchise
    5% of then-current fee
    American Tax and Financial Group Franchise
    $2.5K


    Business Experience Requirements

    Experience
    Padgett Business Services Franchise

  • Industry experience
  • American Tax and Financial Group Franchise

  • Strong commitment to customer service

  • Financing Options

      In-House/3rd Party
    Franchise Fees
    Padgett Business Services Franchise
    No/Yes
    American Tax and Financial Group Franchise
    Yes/No
    Start-up Costs
    Padgett Business Services Franchise
    No/Yes
    American Tax and Financial Group Franchise
    No/No
    Equipment
    Padgett Business Services Franchise
    No/Yes
    American Tax and Financial Group Franchise
    No/No
    Inventory
    Padgett Business Services Franchise
    No/No
    American Tax and Financial Group Franchise
    No/No
    Receivables
    Padgett Business Services Franchise
    No/No
    American Tax and Financial Group Franchise
    No/No
    Payroll
    Padgett Business Services Franchise
    No/No
    American Tax and Financial Group Franchise
    No/No

    Training & Support

    Training
    Padgett Business Services Franchise
    Classroom Training: up to 80 hours Additional Training: At annual marketing convention & tax seminar
    American Tax and Financial Group Franchise
    -
    Support
    Padgett Business Services Franchise
    Newsletter Meetings/Conventions Toll-Free Line Online Support Security/Safety Procedures Field Operations Franchisee Intranet Platform
    American Tax and Financial Group Franchise
    Toll-free phone line, Grand opening, Internet, Security/safety procedures, Field operations/evaluations
    Marketing
    Padgett Business Services Franchise
    Ad Templates National Media Social media SEO Website development Email marketing
    American Tax and Financial Group Franchise
    Ad slicks, Regional advertising
    Operations
    Padgett Business Services Franchise
    Franchise can be run from home.

    0.5% of all franchisees own more than one unit

    Number of employees needed to run franchised unit: 1

    Absentee ownership of franchise is NOT allowed.

    American Tax and Financial Group Franchise

    Number of employees needed to run franchised unit: 4

    Absentee ownership of franchise is allowed.


    Expansion Plans

    US Expansion
    Padgett Business Services Franchise
    Yes
    American Tax and Financial Group Franchise
    -
    Canada Expansion
    Padgett Business Services Franchise
    Yes
    American Tax and Financial Group Franchise
    No
    International Expansion
    Padgett Business Services Franchise
    Yes
    American Tax and Financial Group Franchise
    No

    Company Overviews

    About Padgett Business Services

    Bolster Your Small Business Tax Practice
     As the owner of a tax practice, you must be proactive in order to keep up with market changes, technology and your clients' needs. Staying on top of new regulations is critical for any tax business to truly serve its clients. From this challenge to growing your customer base, revenue and profitability, you need someone to support your efforts in improving and solidifying your business. Enter Padgett Business Services, a provider of tax, finance, compliance and payroll services to small businesses. A local, affiliate-based organization, we rely on tax professionals like you to meet the needs of business owners across the country.
     As a Padgett Business Services affiliate owner, you're able to bolster your business with:
    - Tax support services that help you provide the best possible assistance to your clients.
    - State-of-the-art software that streamlines your processes.
    - Greater opportunities to grow your client base, increase your revenue and maximize your profitability.
    - Continue to build upon your success and learn more about your growth potential as an affiliate of Padgett Business Services.

    Veteran Incentives  $4,000 off franchise fee
    "Top     "Top
    #78 in Gator's Top franchises.
    #92 in Canada's Top franchises.

    "Entrepreneur
    #435 in Franchise 500 for 2020.



    About American Tax and Financial Group

    American Tax and Financial Group was founded in 1997 in Dallas, Texas by Calvin Dale Brown II, as a sole proprietor certified public accounting firm. The Company had very humble beginnings. With no more than $700 and a “dream”, Mr. Brown secured a lease on a small office, measuring about 120 square feet, and the practice was born. The first full year of business, the practice grossed about $35,000, mainly providing income tax services, including electronic filing, to individual taxpayers. Year two saw an increase in revenues from business services, as well as more tax clients, and revenue doubled to about $70,000. After just three years in business, the practice was grossing about $100,000 annually. Over the next three years, Mr. Brown continued to run and grow the practice. After 6 years of running a local CPA firm, it was now time, and the decision was made, to expand the practice nationally, and American Tax and Financial Group was born. Mr. Brown’s vision for the Company is for it to be America’s leading and premier financial services company, offering tax, comprehensive financial, and business services to the American public through a nationwide group of Certified Public Accountants and trained tax professionals (independent franchisees).